September 30, 2022


Technology Forever

Cognizant Acquires Tailor made Computer software Developer Magenic Technologies

Cognizant is acquiring Magenic Systems, a privately-held custom software program development companies enterprise concentrated on Amazon World-wide-web Providers (AWS), Microsoft Azure, VMware Tanzu, Dynatrace and Google Cloud Platform (GCP), among the other folks platforms. Monetary conditions of the offer ended up not disclosed.

This is M&A offer range 55 that ChannelE2E has lined so significantly in 2021.

Magenic’s spots of skills span Agile computer software and cloud improvement, DevOps, expertise design, and advisory providers. Magenic has 475 workers in the U.S. throughout 7 spots and a lot more than 350 workforce in Manila, Philippines.

The Magenic team will tuck into the Cognizant Softvision business — which  has world software program improvement abilities. Cognizant acquires Softvision in 2018.

Cognizant Acquires Magenic: Government Perspectives

In a well prepared statement about the Magenic acquisition, Cognizant’s Malcolm Frank, president of the digital organization and know-how group, stated:

“Magenic has excellent software progress and cloud modernization groups that will enrich our world-wide engineering expertise community and experience. We go on to invest in electronic engineering, a crucial priority as customers go from common application growth to personalized software package to provide powerful buyer experiences and differentiated productiveness alternatives. We glance forward to welcoming Magenic’s professionals to Cognizant.”

Included Greg Frankenfield, co-founder and CEO of Magenic:

“We have been fixing elaborate small business and technological troubles with agility and velocity for about 25 decades, and Magenic these days carries on to build extremely impressive computer software answers in the cloud. We seem ahead to joining Cognizant Softvision and connecting to Cognizant’s broader array of digital skills for the reward of our purchasers.”

International IT Consulting Corporations: Engineering Products and services Acquisitions

M&A activity between international IT consulting corporations, methods integrators and public cloud MSPs carries on to accelerate. Active prospective buyers consist of Accenture, Atos, IBM, NTT Data, and many personal equity companies.

The M&A land grabs generally involve cloud, big knowledge analytics, cybersecurity, SaaS application and DevOps knowledge.